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Investor Briefing Oozi Cats, CEO

Yosi Fait, FD & President

August, 2017

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This document and the accompanying oral presentation has been prepared by Telit Communications PLC (the "Company").Cannacord Genuity Limited which is authorized andregulated by the Financial Services Authority, is acting as the nominated adviser and broker to the Company.

The information contained in the presentation has not been verified by Cannacord Genuity Limited nor does this presentation purport to be all-inclusive or to contain all theinformation that an investor may desire to have in evaluating whether or not to make an investment in the Company. The information has not been independently verified and issubject to material updating, revision and further amendment.

This document has not been approved by an authorized person as is required by Section 21 of the Financial Services and Markets Act 2000 ("FSMA") and therefore it will only bedistributed in accordance with an exemption to Section 21 of the FSMA. This document (including its contents) is confidential and is for distribution in the United Kingdom only topersons who are authorized persons or exempted persons within the meaning of FSMA or any Order made thereunder, or to persons of a kind described in Articles 19 or 49 or 50of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) and, if permitted by applicable law, for distribution outside the United Kingdom toprofessionals or institutions whose ordinary business involves them in engaging in investment activities or who are otherwise permitted to receive it in accordance with the laws ofthe relevant jurisdiction. It is not intended to be distributed or passed on, directly or indirectly, to any other class of persons. This document is being supplied to you solely for yourinformation and may not be copied, reproduced, further distributed to any other person or published, in whole or in part, for any purpose. Any other person who receives thisdocument should not rely or act upon it. By accepting this document the recipient represents and warrants that they are a person who falls within the above description of personsentitled to receive this document. The information contained in this document is confidential and the property of the Company. The information in this document and in thepresentation does not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to purchase or subscribe for any shares in the Company nor shall thisdocument, or any part of it, or the fact of its distribution, form the basis of, or be relied on, in connection with any contract. No reliance may be placed for any purpose whatsoeveron the information contained in this document or on the completeness, accuracy or fairness thereof. No representation or warranty, express or implied, is made or given by or onbehalf of the Company or its Directors or Cannacord Genuity Limited or any other person as to the accuracy, completeness or fairness of the information or opinions contained inthis document and in the presentation and no responsibility or liability is accepted to places for any such information or opinions. Notwithstanding this, nothing in this paragraphshall exclude liability for any such representation or warranty made fraudulently. Cannacord Genuity Limited is acting solely for the Company as nominated adviser and brokerand is not acting for any other person and will not regard any other person (whether or not a recipient of this document) as its client and will not be responsible for providing theprotections afforded to clients of Cannacord Genuity Limited to any other person or for providing advice to any other person. The distribution of this document in certainjurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Anysuch distribution could result in a violation of the law of such jurisdictions. Neither this document nor any copy of it may be taken or transmitted into Canada, Japan and SouthAfrica or distributed to Canada, Japan or South Africa or to any national, citizen or resident thereof or any corporation, partnership or other entity created or organized under thelaws thereof.

The Company's shares have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold within theUnited States except in transactions exempt from or not subject to the registration requirements of the Securities Act.

Disclaimer

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Financial Highlights

IoT KNOW- HOW

H1 2017 IoT Services Revenues $17.2M (25.5% increase)

H1 2017 Revenues: $177.6M (6.9% increase)

2016 Revenues: $370.3M (11% increase)

$49.7M net raised following a placing of new shares

Guidance for the full trading year 2017*:

Revenues: $400M - $430M (8%-16.1% increase)

Adjusted EBITDA: $47M - $60M

* Guidance for the full year reflects current business indicators and expectations. Inherent in this guidance are risk factors that are described in greater detail in our regulatory filings.

All figures are approximations, based on management's current beliefs and assumptions and our actual results could differ from those presented above and elsewhere in this presentation.

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IoT KNOW- HOW

Operational Highlights

deviceWISE asset gateway software deployed into Cisco IoT gateways

New partnerships with OT- Morpho and Tele2

First Purchase order from emerging North America car OEM

Acquisition of GainSpan Corporation ultra-low power Wi-Fi

Continues success in gaining end-to-end IoT solutions customers,

such as Polaris, Zucchetti, as well as many others

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Telit- Global footprint

4Company Owned

Protocol Stacks

7000Customers Worldwide

15Years Experience in IoT

+4500Total Man-Years of

Research & Development

10Major Acquisitions

in 6 Years

21Language Spoken

among our Employees

1080Employees Worldwide

+400Product Certifications

Worldwide

ISO/TS16949Compliant for Manufacturing, R&D and

Support Functions Worldwide

182Module Types

27Nationalities Among

our Employees

10Top 10 customers comprise

only 32.5% of the revenues

Top

11R&D centers with over 500

engineers

36sales offices & 78 exclusive

distributors, covering 80

countries around the globe

350including distributors

Sales force of about

5Outsourced EMSs

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TELIT IoT PRODUCTS TELIT IoT SERVICES

Enabling the Internet of Things

Products and Services for end-to-end IoT solutions

IoTMODULES

IoTCONNECTIVITY

Apps Enterprise SystemsThings

IoTPLATFORMS

TELIT CONSULTING

IoTKNOW- HOW

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** Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, share based payments and non recurring expenses.

Continuous Growth & Profitability

Revenue (Million USD)

177.0

207.4

243.5

294

333.5

370.3

H1:166.1

H1:177.6

150

200

250

300

350

400

2011 2012 2013 2014 2015 2016 2017

Gross Margin %

37.07

38.2

39.5539.9

40.66

H1:40.1

H1:39.2

34

36

38

40

42

44

2012 2013 2014 2015 2016 2017

13.1

17.3

26.9

34.7

45.3

54.4

H1:21.4

H1:14.7

10

15

20

25

30

35

40

45

50

55

60

2011 2012 2013 2014 2015 2016 2017

Adjusted EBITDA** (Million USD) Gross Profit (Million USD)

67.8

76.9

92.5

116.3

133.1

150.6

H1:69.6

H1: 66.6

40.0

60.0

80.0

100.0

120.0

140.0

160.0

2011 2012 2013 2014 2015 2016 2017

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Revenues and Operating profit (Loss)

IoT Services IoT Products

• H1 2017 revenues increased by 6.9% over H1

2016.

• Revenues from Telit’s IoT Services increased

by 25.5% over H1 2016.

• IoT Products, operating profit $12.6 million

(7.9% as a percentage of revenues). Due to a

lower than expected revenue growth, slight

decrease in the gross margin and the

acquisition of GainSpan integration.

• IoT Services, which is the future growth

engine, recorded an operating loss of $6.7M in

H1 2017 (H1 2016: $6.9M) due to continued

heavy investments.

Comments

274307.5

335.2

145.2 152.4 160.4

20

26

35.1

11.113.7

17.2

0

20

40

60

80

100

120

140

160

180

200

220

240

260

280

300

320

340

360

380

400

2014 2015 2016 H1 2015 H1 2016 H1 2017

333.5

294

177.6

49.4

55.4

-8.2 -10.2

IoT Services Operating lossIoT Products Operating profit

24.1

12.6

-6.9 -6.7

166.1156.3

370.3

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Revenues by Regions

(Million USD)

136.5 129.4149

64.8 67.3 76.846.4% 38.8%

40.2%

41.5%

116.9 133.2

137.3

58.5 6368.2

39.8% 40.0%

37.1%

37.4%

40.670.9

84

3335.8

32.6

13.8%21.2%

22.7%

21.1%

0

20

40

60

80

100

120

140

160

180

200

220

240

260

280

300

320

340

360

380

400

2014 2015 2016 H1 2015 H1 2016 H1 2017

294

333.5

370.3

166.1177.6

• Americas revenue increased by 14.1% mainly from

ramping up of different programs based on the LTE Cat-1

modules. Telit saw an increasing demand for the new

technologies including Cat-1 and Cat-1 VoLTE. A delay in

obtaining U.S. carrier certifications of LTE CAT-1 VoLTE

(Voice over LTE) chipsets by a blue-chip supplier was the

main factor in the Group’s reduced revenue growth in the

region. The upcoming certifications by leading U.S.

carriers of CAT-1 VoLTE chipsets of a blue-chip supplier

are expected to boost revenues during the second half of

the year and in 2018.

• EMEA revenues increased by 8.3% in this mature market

underlines the Group’s strong presence in the region. The

prevailing technology is still 2G and the expected shift in

technologies from 2G to LTE (both high and low

categories), in the mid to long-term, will boost the growth

in the region.

• During the last three years, we tripled our revenues to $84

million in 2016. During the first half, Telit experienced

some delays in key programs that shifted the ramp-up

towards the second half of year, affecting revenues in H1.

The region is expected to return to double digit revenue

growth in 2018.

Americas APACEMEA

Comments

156.3

40.5%

37.9%

21.6%

43.2%

38.4%

18.4%

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(million USD)

Gross profit / Gross margin

• Gross margin was negatively affected mainly by the

delay in certifications of CAT-1 VoLTE, which led the

Group to sell certain customers higher cost LTE Cat-3

VoLTE products, at the same selling price as CAT-1

VoLTE products. Gross margin was also impacted by

the shift away from 2G and CDMA, both mature

technologies with high gross margins, to LTE products,

which is a relatively new technology with lower margins

at this stage. LTE products margins are forecasted to

improve through the maturity and growth in volumes, as

this is the normal trend were Gross Margin is higher in

aged customers and products design.

• Gross profit generated by the IoT Products business

unit was $59.2 million, reflecting a gross margin of

36.9% (H1 2016: $57.4 million; 37.7%), while gross

profit generated by the IoT Services business unit was

$10.4 million, reflecting a gross margin of 60.4% (H1

2016: $9.2 million; 67.2%).

Gross profit Gross margin

Comments

116.3133.1

150.6

62.0 66.6 69.6

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

150

160

2014 2015 2016 H1 2015 H1 2016 H1 2017

39.55%39.90%

40.66%

39.7%

40.1%

39.2%

30%

35%

40%

45%

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(million USD)

Gross Research & Development expenses*

* Gross Research & Development expenses are defined as research & development expenses before capitalized development expenses and before amortization of internally

generated development assets.

Research and development, net $25.5M

Add - Capitalization $17.9M

Less - Amortization ($8M)

Gross research & development expenses $35.4M

48.8 51.257.4

24.428.8

35.4

0

10

20

30

40

50

60

70

2014 2015 2016 H1 2015 H1 2016 H1 2017

16.6%

15.4% 15.5%

• The growth in expenditure is mainly due to the

acquisition of Stollmann in H1 2016 and GainSpan in

H1 2017 and the acceleration in the 4G developments

and new automotive projects.

• H1 2017 expenses represented 19.9% of revenues

(H1 2016: 17.3%). We expect gross R&D operating

expenses as a percentage of revenues, to decline

during H2, and continue to decline in 2018.

• Gross research & development expenses breakdown:

Comments

R&D % of revenue

15.6%17.3%

19.9%

0%

10%

20%

5%

15%

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30 June 2017: $83.7 million31 December 2016: $69.8 million

Internally generated development assets, net

$41.8M(60%)

$28M

(40%)

Net assets in Amortization phase Net assets in development phase

• Internally generated development assets, net as of

30 June 2017 increased during the period by $13.9

million to $83.7 million.

• Internally generated development assets that

completed the development phase, moved to mass

production phase and started the 3 to 5 years

period of amortization remained flat with 59% of the

total assets (31 December 2016: 60%).

Comments

$49M

(59%)

$34.7M

(41%)

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CommentsInternally generated development assets

(million USD)

• The amount capitalized in respect of internally

generated development costs in H1 2017 is

$17.9 million.

• This figure is mainly related to the development

of the smart Wi-Fi (GainSpan acquisition), 4G

product lines for high and low categories

including the Cat-M1 and NB-IoT; the

automotive products; and the IoT Services.

• The amortisation of internally generated

development costs increased by 80.7% to $8.0

million (H1 2016: $4.4 million). This increase

relates mainly to the release of 3G and 4G

products to the market during the course of

2015, 2016 and H1 2017. 59% of the

Capitalised assets are now being amortised (H1

2016: 48%).

9%

24%

14% 9%11%

12%

18%

13%

9%7%

22.1

6.79.4

7.24.8 4.1

36.4

6.9 6.5

11.1

62.9

46.6

7.4 6.2

12.8

8.42.3

0

5

10

15

20

25

30

35

40

45

50

4G 3.5G 3G IoT Service GNSS & SR Other IoT Modules

52%

9%12% 10% 7%17%

9%

15%16%

56%

41%

13%10%

9% 9% 3%8% 4%

2015 H1 20172016

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(million USD)

Selling & Marketing

• Selling and Marketing increased by $5.2 million

to $35.1 million (H1 2016: $29.9 million), and

represented 19.8% of revenues (H1 2016:

18.0%). The increase is mainly due to the

acquisitions of Stollmann in H1 2016 and

GainSpan in H1 2017 and the investment in

catering to the markets served by these

businesses - Smart Bluetooth and Smart Wi-Fi.

• We expect selling and marketing expenses as a

percentage of revenues, to decline during H2,

and continue to decline in 2018.50.4

55.5

63.8

26.429.9

35.1

0

10

20

30

40

50

60

70

2014 2015 2016 H1 2015 H1 2016 H1 2017

17.1%16.6%

17.2%

Selling & Marketing % of revenue

Comments

16.9%18.0%

19.8%

0%

10%

20%

5%

15%

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(million USD)

General & Administrative

• General and Administrative expenses

increased by $1.4 million to $14.4 million (H1

2016: $13.0 million), and represented 8.1%

of revenues (H1 2016: 7.8%). This increase

reflects the continued expansion of the

Group activities.

• We expect General and Administrative

expenses as a percentage of revenues, to

decline during H2, and continue to decline in

2018.

26.5 26.6

30

12.1 1314.4

0

5

10

15

20

25

30

35

2014 2015 2016 H1 2015 H1 2016 H1 2017

9.0%8.0%

8.1%

Comments

General & Administrative % of revenue

7.8% 7.8%

8.1%

0%

10%

20%

5%

15%

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(million USD)

Adjusted EBIT

(million USD)

Adjusted EBITDA

24.7

30.634.2

15.713.1

1.6

0

5

10

15

20

25

30

35

40

2014 2015 2016 H1 2015 H1 2016 H1 2017

34.6

45.3

54.4

21.8 21.414.7

0

10

20

30

40

50

60

2014 2015 2016 H1 2015 H1 2016 H1 2017

11.8%

13.6%14.7%

Adjusted EBITDA % of revenue Adjusted EBIT % of revenue

8.4%

9.2% 9.2%

13.9% 12.9%8.3%

0%

5%

15%

10%

10.0%

7.9%

0.9%

0%

15%

10%

5%

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(million USD)(cent USD)

Adjusted PBT Adjusted basic EPS

23.427.7

32.8

13.911.4

-0.3

-5

0

5

10

15

20

25

30

35

2014 2015 2016 H1 2015 H1 2016 H1 2017

8.0% 8.3%8.9%

Adjusted PBT % of revenue

18.421.7

26.4

11.7 10.0

-0.8

-5

0

5

10

15

20

25

30

2014 2015 2016 H1 2015 H1 2016 H1 20170%

5%

10%

15%

8.9%

6.9%

0.2%

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($ Million)

Net (Debt) /Cash

($ Million)

34.1

44.351.5

21.6 21.214

0

10

20

30

40

50

60

2014 2015 2016 H1 2015 H1 2016 H1 2017

3.9 1.1

17.7

0

29.1

9.3

-35

-30

-25

-20

-15

-10

-5

0

5

31.12.2014 31.12.2015 30.6.201631.12.2016

Operating cash flows before movements in working capital

30.6.201730.6.2015

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Statement of Financial Position

Balance Sheet

30.6.17 31.12.16 30.6.16

In $'000

Non-current assets 162,292 135,737 133,252

Current assets 188,868 174,889 135,542

Total assets 351,160 310,626 268,794

shareholders'

equity169,902 120,380 112,561

Non-current

liabilities25,901 32,931 32,928

Current liabilities 155,357 157,315 123,305

Total passive 351,160 310,626 268,794

Net (debt) /cash (9,268) (17,685) (29,115)

• Increase of $26.6M in non-current assets in H1 2017,

related mainly to intangible assets from acquisitions and

increase in R&D assets.

• The change in net debt from 31 December 2016 is due

mainly to $49.7 million raised by the Group by issue of

shares, offset by the first half loss; $8 million used for an

acquisition $6.5 million invested in CAPEX; payment of

$5.7 million as final dividend for the 2016 financial year,

and an increase in working capital, mainly in inventory.

• The company issued 11,593,000 ordinary shares for a net

value of $49.7 million, and paid $5.7 million in cash as final

dividend for 2016 financial year.

Comments

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Statement of Cash Flows

Cash Flows

Jan-June Full Year Jan-June

2017 2016 2016

In $'000

Net cash generated (used in) from operating activities (3,292) 47,651 8,512

Net cash used in investing activities (36,184) (56,933) (31,708)

Net cash generated from financing activities (42,129) 8,247 11,871

Net (decrease)/increase in cash and cash equivalents 2,652 (1,035) (11,325)

Cash and cash equivalents at beginning of period 26,547 29,844 29,844

Effect of exchange rate differences 527 (2,262) 660

Cash and cash equivalents at end of period 29,726 26,547 19,179

• Investment activities includes cash used for acquisitions for about

$6.7M.

• Net cash from financing activities includes $49.7M raised by issue

of new shares, net of $5.7M payment of 2016 final dividend.

Comments

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We are the only Gap- free offering of IoT end to end solution,

hardware-connectivity-platform and know how

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Leveraging the digitization revolution that

includes massive IoT deployments across

industries and in factories we are building

the biggest PaaS (Platform as a Service) in the

world.